The Funding Strategy assumes a 50-50 funding approach where local funding sources account for 50 % of the total cost with the remainder funded through State ( NCDOT ) and Federal ( Federal Transit Administration ) sources . Federal Transit Administration funding is dedicated to rail and bus transit investments .

This assumption is based on Charlotte ’ s successful partnerships implementing the Blue Line ( light rail ) project where Federal ( Federal Transit Administration ) sources committed 50 %, State ( NCDOT ) sources committed 25 %, with local ( sales tax ) sources committed the remaining 25 % of the cost ( a 75-25 funding split ).

A more conservative 50-50 approach is assumed based on current economic conditions and potential reduced level of funding support anticipated from our State and Federal partners , maintaining a favorable but realistic funding approach .

The result of the 50-50 funding approach requires dedicated local revenues to cover our 50 % portion of the TMN , equaling $ 4 to $ 6 billion in local mobility investment .

62 HOW | The Funding Strategy